nice catch with the pixels version on image above. look more connected to the name then initial logos.

even at small sizes the logo should be intelligible, but if you are looking just for web usage, is working.

one thing if i may. try to use same creative pattern to all three letters. for instance, two use 1 pixel movement for letter creation, but the “M” use 2. i know with one pixel maybe will look like a “N”, but to be honest, is hard to get is an “M” if you don’t know the brand name, so, with help of the name, a square with a single pixel can be read also like a “M”.